$BULLA US consumer confidence is collapsing:
$SENT The Conference Board Consumer $Q Confidence Index fell -9.7 points in January, to 84.5, the lowest since May 2014.
This marks the 6th consecutive monthly decline.
This officially puts consumer confidence below 2020 pandemic levels.
The Present Situation Index fell -9.9 points, to 113.7, the lowest since February 2021.
At the same time, the Expectations Index declined -9.5 points, to 65.1, the 2nd-lowest since March 2013.
This is far below the threshold of 80 that usually signals a recession ahead.
Consumers earning less than $15,000 a year remained the least optimistic among all income groups.
US consumers believe the economy is in a recession.
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